Riyadh - Sharikat Mubasher: Classera, a leading edtech company, acquired Expert Solutions for Information Technology, a company specializing in ERP systems for education, to expand educational offerings.
In a statement, the company revealed that the agreement was signed during LEAP 2024 in the presence of Ibrahem AlNasser, Deputy Minister of Future Jobs and Capabilities at the Ministry of Communications and Information Technology (MCIT).
This acquisition came as part of Classera’s plan to expand globally into emerging markets and offer an inclusive and integrated ecosystem for educational and training institutions, solidifying its leading position in edtech in emerging markets globally.
This integration will enable educational institutions to manage all their financial and administrative operations, including human resources, logistics services, exam management, student admission systems, sales, purchases, and inventory tracking, easily with the educational system provided by Classera.
Mohammed Almadani, Founder and Chairman of Classera, stated that the acquisition represents a “golden opportunity” for the company to enhance its leadership in digital education and provide quality through integrated technological solutions.
“We affirm our commitment to supporting and developing educational and training capabilities in the Kingdom of Saudi Arabia, contributing to supporting the national economy, and actively participating in attaining the goals of our beloved Kingdom's Vision 2030,” Almadani elaborated.
Meanwhile, Odeh Al-Juhani, Chairman of Expert Solutions for Information Technology, commented: This acquisition allows us to merge with a global company that is the largest in the region, supported by major global funds, to elevate our services, solutions, and customer support worldwide. All that aligns with Vision 2030 and our objectives to expand into new geographical areas, benefiting from Classera's solutions in many countries around the world.”
Classera was established in Silicon Valley with entrepreneurs from Saudi Arabia and focused on global emerging markets with leading entities in the Saudi Unicorns program.